Civic Intelligence

First Steps Inc.

990 • Fiscal year 2024 • EIN 62-0674974

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 27, 2024

1900 Graybar LaneNashville, TN 37215

(615) 298-5619

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

54th percentile

0.08x

Higher debt load relative to assets than 54% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

53rd percentile

0.10x

Higher debt load relative to revenue than 53% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

40th percentile

0.5%

Higher net margin than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$158,130

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

42nd percentile

1.4%

Faster asset growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

13%

Faster revenue growth than 57% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Flat

$4,363,292

Flat from 2024

Net Assets

Flat

$4,009,281

Flat from 2024

Liabilities

Flat

$354,011

Flat from 2024

Revenue

Flat

$3,699,136

Flat from 2024

Expenses

Flat

$3,680,744

Flat from 2024

Net Income

Flat

$18,392

Flat from 2024

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,859,747Liabilities 2011: $1,121,725Net Assets 2011: $2,738,0222011Assets 2012: $3,990,718Liabilities 2012: $797,086Net Assets 2012: $3,193,6322012Assets 2013: $3,740,120Liabilities 2013: $753,063Net Assets 2013: $2,987,0572013Assets 2014: $3,671,346Liabilities 2014: $725,446Net Assets 2014: $2,945,9002014Assets 2015: $3,478,462Liabilities 2015: $695,617Net Assets 2015: $2,782,8452015Assets 2016: $3,432,446Liabilities 2016: $701,533Net Assets 2016: $2,730,9132016Assets 2017: $3,442,294Liabilities 2017: $661,540Net Assets 2017: $2,780,7542017Assets 2018: $3,500,835Liabilities 2018: $623,322Net Assets 2018: $2,877,5132018Assets 2019: $3,532,660Liabilities 2019: $610,572Net Assets 2019: $2,922,0882019Assets 2020: $3,878,740Liabilities 2020: $916,657Net Assets 2020: $2,962,0832020Assets 2021: $4,085,527Liabilities 2021: $454,122Net Assets 2021: $3,631,4052021Assets 2022: $4,032,709Liabilities 2022: $420,520Net Assets 2022: $3,612,1892022Assets 2023: $4,303,178Liabilities 2023: $428,723Net Assets 2023: $3,874,4552023Assets 2024: $4,363,292Liabilities 2024: $354,011Net Assets 2024: $4,009,2812024Assets 2024: $4,363,292Liabilities 2024: $354,011Net Assets 2024: $4,009,2812024Assets 2025: $4,488,074Liabilities 2025: $284,106Net Assets 2025: $4,203,9682025

Highlighted filing

2024

Assets$4,363,292
Liabilities$354,011
Net Assets$4,009,281

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,030,423Expenses 2011: $1,906,130Net Income 2011: $124,2932011Revenue 2012: $2,458,945Expenses 2012: $1,988,615Net Income 2012: $470,3302012Revenue 2013: $2,030,422Expenses 2013: $2,276,258Net Income 2013: -$245,8362013Revenue 2014: $2,220,490Expenses 2014: $2,310,496Net Income 2014: -$90,0062014Revenue 2015: $2,294,503Expenses 2015: $2,412,595Net Income 2015: -$118,0922015Revenue 2016: $2,404,600Expenses 2016: $2,441,777Net Income 2016: -$37,1772016Revenue 2017: $2,489,198Expenses 2017: $2,488,150Net Income 2017: $1,0482017Revenue 2018: $2,662,121Expenses 2018: $2,562,557Net Income 2018: $99,5642018Revenue 2019: $2,565,888Expenses 2019: $2,519,505Net Income 2019: $46,3832019Revenue 2020: $2,613,307Expenses 2020: $2,584,726Net Income 2020: $28,5812020Revenue 2021: $3,194,783Expenses 2021: $2,751,384Net Income 2021: $443,3992021Revenue 2022: $3,009,347Expenses 2022: $2,827,820Net Income 2022: $181,5272022Revenue 2023: $3,282,967Expenses 2023: $3,111,669Net Income 2023: $171,2982023Revenue 2024: $3,699,136Expenses 2024: $3,680,744Net Income 2024: $18,3922024Revenue 2024: $3,699,136Expenses 2024: $3,680,744Net Income 2024: $18,3922024Revenue 2025: $3,518,721Expenses 2025: $3,441,837Net Income 2025: $76,8842025

Highlighted filing

2024

Revenue$3,699,136
Expenses$3,680,744
Net Income$18,392
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 27, 2024
Return Version
2023v5.0
Gross Receipts
$3,727,828
Mission and Program Overview

Mission

The mission of first steps, inc. Is to educate and care for children with special needs and medical conditions alongside their typically developing peers in inclusive environments and support their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,784,404$1,766,645▼ $17,759
Investments in Publicly Traded Securities$1,129,827$1,264,135▲ $134,308
Cash and Non-Interest-Bearing Accounts$515,202$1,020,049▲ $504,847
Pledges and Grants Receivable$194,602$229,589▲ $34,987
Accounts Receivable$44,866$39,625▼ $5,241
Prepaid Expenses and Deferred Charges$4,572$11,704▲ $7,132
Savings and Temporary Cash Investments$601,261$295▼ $600,966
Total Assets$4,303,178$4,363,292▲ $60,114
Other Assets Total$28,444$31,250▲ $2,806
Liabilities
Mortgage Notes Payable Secured by Investment Property$235,671$180,954▼ $54,717
Accounts Payable and Accrued Expenses$187,052$145,208▼ $41,844
Deferred Revenue$6,000$27,849▲ $21,849
Total Liabilities$428,723$354,011▼ $74,712
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,181,361$3,233,838▲ $52,477
Net Assets With Donor Restrictions$693,094$775,443▲ $82,349
Total Net Assets Fund Balance$3,874,455$4,009,281▲ $134,826
Total Liabilities and Net Assets / Fund Balance$4,303,178$4,363,292▲ $60,114

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,555,862$857,046$2,412,908
Land$200,000-$200,000
Equipment$10,783$28,002$38,785

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$721,538-▲ $85,155-$806,693
2022$659,510-▲ $62,028-$721,538
2021$775,086-▼ $115,576-$659,510
2020$625,197-▲ $149,889-$775,086
2019$623,842-▲ $1,355-$625,197
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather HigginsExecutive DiFT$152,150$5,980$158,130
Heather HigginsExecutive Director-$146,150$11,980$158,130
Karla GarigDirector ofFT$108,510$6,657$115,167

Board Members and Trustees

NameTitle
Phillip WeiskopfPresident
Ben LemlyBoard Member
Christy FarrellBoard Member
Emily ChildersBoard Member
Eric HoefflinBoard Member
Hank ClayBoard Member
Jackie DixonBoard Member
Jordan SeeBoard Member
Kates PotempaBoard Member
Kirsten SchrinerBoard Member
Megan KellyBoard Member
Schafer RoweBoard Member
Ryan KeithSecretary
Abhay KarandikarTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,015,258
Program Service Revenue
$1,637,453
Investment Income
$44,322
Other Revenue
$2,103
All Other Contributions
$625,967
Change in Net Assets
$18,392

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,688,254
Revenue Not Reported on Financial Statements
$10,882
Revenue Not Reported on Form 990
$145,126
Total Revenue per Audited Statements
$3,833,380
Total Revenue per Form 990
$3,699,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,709,373
Other Expenses$971,371
Total Fundraising Expense$177,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,932,225$95,146$103,335$2,130,706
Fees for Services Other$311,320$6,174-$317,494
Current Officers, Directors, Trustees, and Key Employees$99,338$119,354$57,019$275,711
Payroll Taxes$153,652$13,517$10,105$177,274
Occupancy$161,315$10,870-$172,185
Other Employee Benefits$99,636$8,765$6,553$114,954
Depreciation Depletion$64,545$4,120-$68,665
Office Expenses$58,827$8,336-$67,163
Travel$37,201--$37,201
Conferences and Meetings$31,487$2,231-$33,718
Insurance$29,762$1,629-$31,391
Fees for Services Accounting$24,300--$24,300
Advertising$13,965$3,794-$17,759
Fees for Service Investment Mgmnt Fees-$10,882-$10,882
Pension Plan Contributions$9,298$818$612$10,728
All Other Expenses$219$5,018-$5,237
Other Expenses$-1,021$11,139-$-1,021
Total Functional Expenses$3,186,678$316,442$177,624$3,680,744

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,698,554
Total Expenses per Form 990$3,680,744
Expenses per Audited Statements$3,669,862
Expenses Not Reported on Form 990$28,692
Expenses Not Reported on Financial Statements$10,882
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$30,795
Fundraising Direct Expenses$28,692
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Vino$57,096$25,880$7,630$18,250
Run.walk.roll$11,983$2,765$1,613$1,152
Total Events$69,079$28,645$27,076$1,569
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the finance committee. Any questions are discussed with the organization's auditors. The draft of the 990 is then distributed to all board members for their review and questions.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is reviewed each year, usually during the first or second board meeting of the year. The review and board acknowledgment is documented in the board minutes.

Form 990, Page 6, Part VI, Line 15A

All staff participate in a 90 day review 90 days after being hired. Performance reviews are conducted annually by the employee's immediate supervisor. The executive director's review is conducted by the board president. Monitoring of performance standards is ongoing throughout the fiscal year. Compensation is examined each year by utilizing independent survey data that allows us to examine compensations at similar agencies.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
First Steps Inc
EIN
62-0674974
Phone
6152985619
Address
1900 GRAYBAR LANE, NASHVILLE, TN 37215

Signing Officer

Name
Heather Higgins
Title
Executive Director
Phone
6156903091
Signed
2024-11-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Higgins
Formed
1957
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
75
Volunteers
83

Preparer

Firm
Blankenship CPA Group Pllc
Address
102 W 7TH ST STE 100, COLUMBIA, TN 38401
Preparer
Steven D Warren CPA
Phone
6153733771
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

First steps provides education and therapeutic services for children with special needs. As a result of participating in our services, children make significant progress toward developmental goals. We create strong partnerships with families that build foundations for their long term success.

Form 990, Part III

First accomplishment since 1957, first steps has served children with special needs and medical conditions while supporting their families. We serve families from many different socio-economic backgrounds and ethnicities. Our inclusive mcwhorter family children's center offers full time care and education to children with special needs alongside their typically developing peers ages six weeks to five years. Our staff is highly trained and provides each child the individual attention they need, recognizing that each child has a distinct set of strengths and challenges. Our staff reports daily to parents and caregivers via teaching strategies gold on their child's progress, while providing tools to continue to work on skills in their home environment. First steps provides our children with a curriculum rich in literacy and developmental skills that provide a strong foundation for achievement later in life. The first steps community outreach program consists of skilled developmental therapists that travel to a child's home, childcare center or other natural setting to spend time each week in play based interventions geared towards the child's goals. Working with parents and other caregivers in these natural settings and coaching them to utilize these techniques is an important part of this program. The ayundando ninos (helping children) program is a part of the community outreach program that works with children from latino families as well as other cultures, offering interpreters to assist in communicating with caregivers. We pride ourselves in offering the very best training to our staff to ensure that we are abreast of new techniques and evaluation tools to ensure each child receives the very best. Our therapy program offers occupational, speech/language, physical, and feeding therapies to children up to age 12 in our mcwhorter family children's center. Over the past year, more than 7,400 therapy sessions were provided.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Certain endowments, donations and trusts are governed by terms and conditions placed on them by their donors. The board reserves the right to transfer funds from the endowments for specific uses subject to bank covenants and the written understanding of the donors regarding the uses of these transferred funds. Any material transfers of funds from endowments are approved by the finance committee or the board. In any event, the board is notified of such transfers.

Schedule D, Page 3, Part X

Income taxes the organization is a tax-exempt organization under section 501(c)(3) of the internal revenue code (irc), and the organization is classified as an organization that is not a private foundation as defined in section 509(a) of the irc. Therefore, no provision for federal income taxes is included in the accompanying financial statements. The organization follows fasb asc guidance concerning the accounting for income taxes recognized in an entity's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The organization does not believe there are any uncertain tax positions at june 30, 2024 and 2023. Additionally, the organization has not recognized any tax related interest and penalties in the accompanying financial statements.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses netted against revenue per 990 28,692

Schedule D, Page 4, Part XII, Line 2D

Special event expenses netted against revenue per 990 28,692

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt099636
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IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENTAL & MAINTE
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IRS990/OtherExpensesGrp/Desc2DUES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15181
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IRS990/OtherExpensesGrp/ProgramServicesAmt082797
IRS990/OtherExpensesGrp/ProgramServicesAmt162017
IRS990/OtherExpensesGrp/ProgramServicesAmt215795
IRS990/OtherExpensesGrp/ProgramServicesAmt3-1021
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IRS990/OtherExpensesGrp/TotalAmt226934
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095146
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IRS990/PYContributionsGrantsAmt01709931
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01510661
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.49$0.28$4.20$3.52$3.44$0.08
2024Detailed filing. Detailed filing data is available for this year.$4.36$0.35$4.01$3.70$3.68$0.02
2024Summary only. Only limited summary data is available for this year.$4.36$0.35$4.01$3.70$3.68$0.02
2023Summary only. Only limited summary data is available for this year.$4.30$0.43$3.87$3.28$3.11$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.42$3.61$3.01$2.83$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.09$0.45$3.63$3.19$2.75$0.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$0.92$2.96$2.61$2.58$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.61$2.92$2.57$2.52$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.50$0.62$2.88$2.66$2.56$0.10
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.66$2.78$2.49$2.49$0.00
2016Summary only. Only limited summary data is available for this year.$3.43$0.70$2.73$2.40$2.44$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.48$0.70$2.78$2.29$2.41$0.12
2014Summary only. Only limited summary data is available for this year.$3.67$0.73$2.95$2.22$2.31$0.09
2013Summary only. Only limited summary data is available for this year.$3.74$0.75$2.99$2.03$2.28$0.25
2012Summary only. Only limited summary data is available for this year.$3.99$0.80$3.19$2.46$1.99$0.47
2011Summary only. Only limited summary data is available for this year.$3.86$1.12$2.74$2.03$1.91$0.12